Virgin Media O2 will publish its Q1 2024 financial results on 2nd May 2024

Q3 2023 financial results


Fixed Line customers

(↑ 32,500 in Q3)


Total Mobile connections

(↑ 649,600 in Q3)


Transaction Adjusted Revenue

(↑ 7.1% YoY)


Transaction Adjusted EBITDA

(↑ 5.6% YoY)



Virgin Media O2 builds fibre faster than ever before, expanding our network footprint by more than half a million premises so far this year

"With wider economic pressures persisting, Q3 has remained a tough environment to navigate as some consumers tighten spend, notably across mid-tier TV, home phone and on low-margin handsets.

However, notwithstanding these factors, Q3 has seen positives - the implementation of price increases across the second quarter have led to service revenue growth; we’ve returned to strong customer additions across the board; and our converged fixed-mobile proposition continues to perform well, with 1.75 million people now taking a Volt bundle.

We are continuing to invest in our products, services and networks to give our customers an even better experience. This has included bringing 5G connectivity to new areas and expanding our fixed network footprint faster than ever before to reach over half a million new fibre premises so far this year.

We’ll continue to be opportunistic in the market where the economics and strategic logic stacks up as recently demonstrated through the successful acquisition of Upp, and the sale of a minority stake in our mobile tower joint venture Cornerstone.

Despite external pressures, we remain firmly focused on delivering for our customers in line with our core strategy."

Lutz Schüler - Chief Executive Officer

Investor information

For further investor information please visit the investor websites of Liberty Global and Telefónica.

8-K form Liberty Global investor site Telefónica investor site

Investor Relations contacts

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